15700 Bel-Red Road offers a rare chance to acquire a strategically located development site in Bellevue’s rapidly transforming Bel-Red Corridor—literally steps from Microsoft’s Overlake Campus. Approximately 24,477 square foot Flat Lot, recently upzoned to NMU (Neighborhood Mixed-Use), the property now supports mid-rise, mixed-use development up to 110 feet height limit, positioning it perfectly for a high-density multifamily project backed by exceptional demographics, robust job growth, and immediate access to major transit investments including the Overlake Light Rail Station. Existing improvements include a 6,291 SF medical/dental office building, providing an opportunity for an owner-user or interim income generation prior to redevelopment. Potential to build approximately 130 units (Buyer to Verify). First time on the market in over 30 Years.
Active
Listed by: Westlake Associates, Inc.
$7,500,000
15700 NE Bel-Red Road, Bellevue, WA 98008
--beds
--baths
0.56Acres
Unimproved Land
Built in ----
0.56 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 63 days |
- 42 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Chad Michael Martini,
Westlake Associates, Inc.,
David W Petersen,
Westlake Associates, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2511306
Facts & features
Interior
Features
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Lot
- Size: 0.56 Acres
- Features: Curbs, Paved, Sidewalk, Evergreens
- Topography: Level
Details
- Parcel number: 0673100089
- Zoning: NMU
- Zoning description: Commercial,Multi-Family,See Remarks,Jurisdiction: City
- Special conditions: Standard
Utilities & green energy
- Electric: On Property
- Gas: In Street
- Sewer: Available
- Water: Available, In Street, On Property
- Utilities for property: Electricity Connected, Natural Gas Available
Community & HOA
Community
- Subdivision: Overlake
Location
- Region: Bellevue
Financial & listing details
- Annual tax amount: $17,520
- Date on market: 4/21/2026
- Cumulative days on market: 64 days
- Listing terms: Conventional
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/22/2026 | Listed for sale | $7,500,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Interlake
Nearby schools
GreatSchools rating
- 7/10Ardmore Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 4/10Highland Middle SchoolGrades: 6-8Distance: 0.7 mi
- 9/10Interlake Senior High SchoolGrades: 9-12Distance: 0.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Washington
- King County
- Bellevue
- 98008
- Interlake
- 15700 NE Bel-Red Road







